Lewisville Independent School District, Texas; General Obligation; School State Program Apr 11

Standard & Poors, April 2011

Abstract
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating to Lewisville Independent School District, Texas' series 2011 unlimited-tax refunding bonds. At the same time, Standard & Poor's affirmed its 'AA+' issuer credit rating (ICR), long-term rating, and Standard & Poor's underlying rating (SPUR) on the district's existing general obligation (GO) debt. In addition, Standard & Poor's affirmed its 'AAA' program rating on certain series of the district's existing GO debt. The outlook on all bond ratings is stable. The program rating reflects the district's eligibility for, and participation in, the Texas Permanent School Fund bond guarantee program, which provides the security of a permanent fund of assets that can be used to meet debt service on program-guaranteed bonds. The...

Companies mentioned in this report are:
- Lewisville Indpt Sch Dist

Action: New Rating

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Full Analysis

- Lewisville Indpt Sch Dist

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